Skip to comments.Just surrendered by closing my VanGuard fund.
Posted on 10/09/2008 1:00:23 PM PDT by prolifefirst
Can't take it anymore.
What do you mean by “surrender?” Did you turn it into cash?
Why? I’m still in it!................
All righty, then.
OK? What does that mean?
It means he took the penalty and closed out his 401k and will take the tax implications this year, probably will turn out to be a smart move, yet, if we all do it it’s game over.
I moved our Vanguard stock and bond funds into money market funds almost three weeks ago. Leading up to today, the decision saved us about $52K on out taxable investments. With today’s drop, I expect the “savings” to exceed $60K. Ouch!
Just remember where you got out so you can get back in on the way up. Selling low and buying high is no way to go through life, son.
It means his loses have gone from on paper to in concrete.
I means above all else I can’t afford to go non-liquid.
8000 maybe? Could it get even lower than that?? It's starting to become scary.
Stocks are on sale!! This is the chance of a lifetime!
Buy high, sell low!
Buy high, sell low /s.
Every day I was expecting it to turn.
I scoured the Journal and other news sources and freerepulic for some sign it would turn - nothing.
Must be a Vanguard Opus vanity.
I’m soooo glad that over the past 20 years, Hubby and I invested in Real Estate and Gold & Silver. This past year has been quite profitable.
Down 40% from the peak in just over a year ...
Lovely I tell ya, just f'n lovely.
Well, it’s not to turn today. It’s not going to turn maybe for months. But it’s going to turn.
Or Sell High, buy low!!!
Don’t worry friend, we may have yet further to drop, and then you can get in on the ride up.
I’ll let my 401K ride... check back with me in 20 years and I’ll tell you how it went.
Hey we aren’t back to pre 2000 levels yet, the George Bush years have just been “priced in”....also pricing in the coming socialist regime...
We pulled out of the market over 2 months ago. Purchased 600 oz of gold @ $771.00/oz. No regrets as of yet.
Yep, I’ve moved from 60% cash to ~24% in the last week. I’ve been holding that cash for over two years waiting for the pre-election, Soros-driven downturn.
In order for you to sell,somebody must have bought;)
That’s the key, it depends WHEN you need it, if it’s a long term investment, leave it alone.
I do....no proof but it’s just what I think.
At this point it’s “sell low, buy lower.”
It’s just a good damn thing I like my job!
Guess I should do the same with my house and retirement fund...I cannot take it anymore either...
No worries here though, I’ve planned my retirement very carefully and Bag Lady it is!
Wnet to Fidelity MM a few weeks ago too...
time to batten down the hatch!
I’ve lost all interest in sports and other recreation. All I can think of the health of loved ones and staying liquid.
Exactly. I’m in for the long haul. I did move some money about a month ago to fixed income “safe” investments in the 401K. When this starts to turn in a few weeks or months, I’ll just buy back into it again. Many bargains out there with more coming.
Uh Oh....You will be taxed under BHO’s new plan :-)
After that, it depends on who wins.........
Liquidated all 401K funds and stocks 4 days ago... glad I did.
Me too. Too bad we don’t have proof.
It’s crossed my mind, yes.
DING DING DING.
We have the WINNER!
Never sell “low”, I did in 1987, and 2001. Regretted those decisions.
I have no doubt in my mind that really, the fundamentals of this economy are good. This environment that we’re experiencing is the “crashing of the greedy” on wall street, and their ‘emotional betting’ in the Wall Street Casino is driving down the values without any fundamental basis.
I’m leaving things as they are.
I’ve taken a hit like I didn’t expect.
But bailing out now? That’s not long term, and it’s not a good idea. As someone else said, “We all do it, it’s all over”.
A few people doing it, taking the hit now, and holding onto what they have left of their money is one thing and more power to them. Some people will need it in two years. I won’t need it for another 9 or so.
If it’s gone in 9... I guess I’m going to be pretty pissed then.
Right now, like many others, we ride the wave. We’re in the trough right now. Tomorrow, next year comes the crest.
People need to not panic. Too many large organizations are panicking and that’s what is causing the losses on the market even right now.
please consider buying precious metals with it.
I'm very happy that that still was the case.
Very happy it only took 20 minutes to get through on the phone istead of the usual 1 minute.
I wish you had whispered advice in my ear back then. We’re way down but I’m counting on it going lower since we just transferred them today.
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